Core Scientific appoints Adam Sullivan as CEO amid restructuring process
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by...
The company claims to have seen a boost in liquidity in recent months and is expected to exit bankruptcy proceedings by...
The bankruptcy plan explained that on the effective date of the bankruptcy plan, holders of allowed DIP claims will rece...
Core Scientific has rejected a multi-million-dollar administrative claim from Celsius Network, arguing it's owed an even...
Millions of dollars worth of electrical equipment will be transferred to the crypto miners' exclusive energy negotiator...
Some conditions applied to the coupons make them useless for Core Scientific's business, a court filing shows.
Core Scientific estimates that canceling the agreement with Celsius will provide $2 million in revenue per month as long...
The loan would allow Core Scientific to keep its mining and hosting operations afloat while it restructures.
Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices.
After a flurry of bad news throughout 2022, the miner has been offered a lifeline which could enable it to see out the c...
The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, inc...